Cardiovascular medical devices maker Relisys raises Rs.100-Cr from Siguler Guff

From the Venture Intelligence PE-VC Deal Database: Telangana-based cardiovascular stent and catheter manufacturer Relisys Medical Devices has raised INR 100 crore (around USD 13.4 million) for a 22.16% stake from investment firm Siguler Guff (SG). The company has allotted one crore CCPS to a SG unit at INR 92.28 each. Post deal, the shareholding of SG is at 22.16%, while the promoters' holding stands at 38.60%. In Oct-14, India Life Sciences Fund had invested in Relisys. (Subscribers to the database can login to view the more transaction details of the latest and previous investments in Relisys.)